The Keyword: Decentralization
Cryptocurrencies are attractive mainly due to their decentralized nature. Although some cryptocurrencies—such as Ripple’s XRP—are not completely decentralized, and they too are popular. Decentralization allows for true independence from a state entity. South Korea, a country with a population of 51.2 MM people according to the CIA World Factbook, is not the only option for investors.
Why South Korea's Potential Ban on Cryptocurrencies Will Not Affect The Crypto Market
The entire cryptocurrency market experienced major losses over the past few days. The result of South Korea seeking to further regulate cryptocurrencies. Many people are looking for answers on the future of cryptocurrencies, as uncertainty mounts in South Korea.
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